⭐ g1080 Posted April 29 Report Share Posted April 29 Hi, anyone trading 0DTE on SPY using Gamma Exposure? if so please let me know I´d like to share some ideas. For the ones interested, below you´ll find a guide to manually calculate GEX based on free CBOE data. And a link to T0m J0seph free weekly webinars on this subject. https://perfiliev.co.uk/market-commentary/how-to-calculate-gamma-exposure-and-zero-gamma-level/ https://www.dynamictrend.com/webinars/ Lounge 1 Quote Link to comment Share on other sites More sharing options...
⭐ nehal Posted April 30 Report Share Posted April 30 please share your ideas,, i am from india but it will be useful for our derivative market too ,, i haven't gone thru your links but as far as i know, GEX is calculated using OI but recently i saw a site where they were calculate it on Time and Sales data. Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 1 Author Report Share Posted May 1 Hi nehal, Below you´ll find this weeks webinar where Tom goes through this weeks market on spx and spy. These are free weekly webinars. Link I´m dwindling around the idea of how to determine if there's is more buying than selling on 0dte strikes as a hole and how to trigger the trade. The idea of using a low delta with relative high gamma gives a edge but im looking for another signal to hit the button. Gamma levels, can be easily calculated on CBOE data from yesterdays close and from my experience does de job bc having it updated in real time does not bring a lot to the table, i mean at certain levels market makers will hedge and that's based on how they closed yesterday. Pros I see on 0dte. no carry overnight positions. low capital (depending on size) but at 30 delta on spy is manageable. options premiums will move in a decent amount although time decay could hurt. Cons. how to measure your trading "system" days when the market ranges like Monday this week can hurt Soft stop loss because options swings are wide so you have to relay on delta and your guts. Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 1 Author Report Share Posted May 1 This is today spy and gex calculated from yesterday data. Quote Link to comment Share on other sites More sharing options...
⭐ nehal Posted May 1 Report Share Posted May 1 where is like button ?? BTW if you find an edge, please let me know as i also searching for the perfect entry Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 2 Author Report Share Posted May 2 So far today. Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 2 Author Report Share Posted May 2 Quote Link to comment Share on other sites More sharing options...
⭐ iatin Posted May 4 Report Share Posted May 4 (edited) I sometimes do SPX 0 DTE when I have time but only spreads, do you have an Excel file for the GEX data? Edited May 4 by iatin Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 9 Author Report Share Posted May 9 Hi I just followed this instructions and make my own, also found some made in python in github. https://perfiliev.co.uk/market-commentary/how-to-calculate-gamma-exposure-and-zero-gamma-level/ This is CBOE link. https://www.cboe.com/delayed_quotes/spy/quote_table ⭐ MTGANN 1 Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 19 Author Report Share Posted May 19 SPY & SPX , 0DTE all expiries and monday 5/20 ⭐ iatin 1 Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 24 Author Report Share Posted May 24 SPY & SPX , 0DTE and all expirations GEX 5/24 ⭐ iatin 1 Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 24 Author Report Share Posted May 24 Todays session. Quote Link to comment Share on other sites More sharing options...
⭐ iatin Posted May 25 Report Share Posted May 25 you make IC or straddle ? Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 27 Author Report Share Posted May 27 Straight call/put buy, 30 delta , >0.1 Gamma. Pure directional no overnight position. Quote Link to comment Share on other sites More sharing options...
⭐ iatin Posted May 27 Report Share Posted May 27 You are buying the Option, i am morę then seller Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 27 Author Report Share Posted May 27 (edited) Selling 0 DTE naked consumes a lot of buying power, defined risk strategies lower BPR but risk/reward worsens. Its purely what suits you best and being right about direction. 30 delta, with USD 1500 gives you 50 trades if 50% of the time you´re wrong but when you´re right you collect 1.6 you risk, you have a positive expectancy. Edited May 27 by g1080 ⭐ iatin 1 Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted May 31 Author Report Share Posted May 31 5/31 Quote Link to comment Share on other sites More sharing options...
⭐ htn4653 Posted May 31 Report Share Posted May 31 Hi g1080, I'm curious how do you use these levels in your trading? Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted June 2 Author Report Share Posted June 2 htn4653 , it gives you an idea of where funds have to hedge. Check this ↓↓ https://perfiliev.co.uk/market-commentary/how-to-calculate-gamma-exposure-and-zero-gamma-level/ ⭐ htn4653 1 Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted June 11 Author Report Share Posted June 11 6/11 ⭐ iatin 1 Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted June 18 Author Report Share Posted June 18 6/18 ⭐ iatin 1 Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted June 21 Author Report Share Posted June 21 6/21 ⭐ iatin 1 Quote Link to comment Share on other sites More sharing options...
⭐ g1080 Posted June 21 Author Report Share Posted June 21 SPY5MIN w Elliott waves ⭐ iatin 1 Quote Link to comment Share on other sites More sharing options...
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